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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Rental revenues $ 226,374 $ 224,962 $ 205,814
EXPENSES      
Operating, including fees to Vornado of $6,581, $6,480 and $6,037, respectively (103,240) (101,210) (90,446)
Depreciation and amortization (34,782) (32,898) (29,797)
General and administrative, including management fees to Vornado of $2,440 in each year (6,519) (6,341) (6,106)
Total expenses (144,541) (140,449) (126,349)
Interest and other income 24,429 22,245 6,769
Interest and debt expense (62,818) (58,297) (28,602)
Net gain on sale of real estate 0 53,952 0
Net income $ 43,444 $ 102,413 $ 57,632
Net income per common share, basic (usd per share) $ 8.46 $ 19.97 $ 11.24
Net income per common share, diluted (usd per share) $ 8.46 $ 19.97 $ 11.24
Weighted average shares outstanding - basic (in shares) 5,132,418 5,129,330 5,126,100
Weighted average shares outstanding - diluted (in shares) 5,132,418 5,129,330 5,126,100